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governor romney himself called it an embarrassment. this is something that the president spoke about on the senate floor in front of the press corps at that time. he took action to improve disaster relief in the united states senate. so i think this is a desperate attempt to change the subject from mitt romney's comments writing off half the population saying they won't take personal responsibility for their lives. bill: what do you think about joe biden's comments about crushing the middle last over the last four years. was this a mistake? >> i think the romney campaign loves to take rem out of context. this is the same campaign that started take being the president out of context in an advertisement when the president was quoting john mccain never saying that the president was quoting somebody else in the first advertisement that they ran in this campaign. the vice president was cheer lee talking about the fact -- bill: it's not clear, it's not clear that he was talking about anything other than the fact that middle class americans h
governor romney himself called it an embarrassment. this is something that the president spoke about on the senate floor in front of the press corps at that time. he took action to improve disaster relief in the united states senate. so i think this is a desperate attempt to change the subject from mitt romney's comments writing off half the population saying they won't take personal responsibility for their lives. bill: what do you think about joe biden's comments about crushing the middle...
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then i would think governor romney has won the debate. if by contrast everyone says that debate went well and it was fair, i would think that meant president obama won the debate. megyn: then you will be having you and the irishman inside you will have your private debate about the results. tonight's big event will be divide into six 15-minute segments'. neither campaign has any knowledge of the questions that will be asked. only the general topics, economy, healthcare and government. those have been formulated by moderator jim lehrer. the role of government will be discussed. it opens the door to topics outside the economy or economic matters. and we would love for to you join me, bret baier and the rest of our fox news political team for complete analysis. we start at 5 of 9:00. 8:55 p.m. our special coverage begins. we'll take you into the debate. we'll watch it together and then we'll have our post-game analysis with our full panel for all the perspective you need after. brand-new developments on a story that first broke during "ameri
then i would think governor romney has won the debate. if by contrast everyone says that debate went well and it was fair, i would think that meant president obama won the debate. megyn: then you will be having you and the irishman inside you will have your private debate about the results. tonight's big event will be divide into six 15-minute segments'. neither campaign has any knowledge of the questions that will be asked. only the general topics, economy, healthcare and government. those...
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governor romney you go first. and the question is this what are the differences between the two of you as to how you would go about tackling the deficit problem in this country? >> romney: i'm glad you raised that. and it's a critical issue. i think it's not just an economic issue, i think it is a moral issue. i think it's not moral for my generation to keep spending massively more than we take in knowing those burdens will be passed on to the next generation, and the amount of debt we're adding a trillion a year is simply not moral. how do we deal with it? mathematically there are three ways. one of course is to raise taxes. number two is to cut spending and number 3 is to grow the economy, because if more people work in a growing economy, they are paying taxes and you can get the job done that way. the president would prefer raising taxes, i understand. the problem with raising taxes is it slows down the rate of growth. i want to lower spending and encourage economic growth at the same time. what would i cut? fi
governor romney you go first. and the question is this what are the differences between the two of you as to how you would go about tackling the deficit problem in this country? >> romney: i'm glad you raised that. and it's a critical issue. i think it's not just an economic issue, i think it is a moral issue. i think it's not moral for my generation to keep spending massively more than we take in knowing those burdens will be passed on to the next generation, and the amount of debt we're...
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now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim. that's not the facts. we have to have regulation on wall street. that's why i'd have regulation, but i wouldn't designate five banks too big and fail and give them a blank check. one of the unintended consequences of dodd-frank. it wasn't thought through properly. we need to get rid of it, regional and small banks are getting hurt. another regulation, we were giving mortgages to people who weren't qualified. exactly right. one of the reasons for the great financial calamity we had. and dodd-frank says we need qualified mortgages and if you give a mortgage that's
now, governor romney said he wants to repeal dodd-frank. and i appreciate and it appears we have some agreement that a marketplace to work has to have some regulation. but in the past, governor romney says he wants to repeal dodd-frank, roll it back. so the question is, does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. but that's not -- >> sorry, jim....
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governor romney says we should replace it. i'm just going to repeal it but we could replace it with something. he hasn't described what we'll replace it with, other than saying we'll leave it to the states. but the fact of the matter is, some is of the prescriptions that he's offered like letting you buy insurance across state lines, there's no indication that that somehow will help somebody who has a pre-existing condition able to finally buy insurance. in fact, it's estimated by repealing obama care you're looking at 50 million people losing health insurance at a time when it's vitally important. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from
governor romney says we should replace it. i'm just going to repeal it but we could replace it with something. he hasn't described what we'll replace it with, other than saying we'll leave it to the states. but the fact of the matter is, some is of the prescriptions that he's offered like letting you buy insurance across state lines, there's no indication that that somehow will help somebody who has a pre-existing condition able to finally buy insurance. in fact, it's estimated by repealing...
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governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23 million new jobs, but from deficit to surplus, and businesses did well. in some ways we have some data on which approach is more likely to create jobs and opportunity for americans. i believe that the economy works best when middle-class families are getting tax breaks and those of us who have done well because of this magnificent country we live in that we can afford to do more to make sure we are not blowing up the deficit. >> he gets the first word of that segment. let me make this comment. let me repeat what i said. i am not in favo
governor romney's plan the work for you. math, common sense, and our history shows us that is not a recipe for job growth. we have tried both approaches. the approach that governor romney is talking about is the same sales pitch that was made in 2001 and 2003. we ended up with the slowest job growth and 50 years. we ended up living from surplus to deficits. it culminated in the worst financial crisis since the great depression. bill clinton tried the approach i am talking about. we created 23...
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>>> governor romney lives to fight another day. many of president obama's key supporters voicing their disappointment today that he did not take on governor romney when he had an opportunity. here's some of the headlines. in fact, the "los angeles times" says, quote, obama fans are shocked by mitt romney's dominance in debate. "the chicago tribune" said for obama words not said spoke the loude loudest. it said obama hit with a left hook on tv and online. the president is hitted to wisconsin, but not before taking one last parting shot a a fiery rally in denver not too long ago. >> when i got onto the stage, i met this very spirited fellow who claimed to be mitt romney. it couldn't have been mitt romney, because the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts to pay for the wealthy. the fellow on stage last night said he didn't know anything about that. >> around the same time governor romney was making a surprise appearance at the conservative political action conference,
>>> governor romney lives to fight another day. many of president obama's key supporters voicing their disappointment today that he did not take on governor romney when he had an opportunity. here's some of the headlines. in fact, the "los angeles times" says, quote, obama fans are shocked by mitt romney's dominance in debate. "the chicago tribune" said for obama words not said spoke the loude loudest. it said obama hit with a left hook on tv and online. the...
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because governor romney did a good thing. working with democrats in the state to set up what is essentially the identical model and as a consequence, people are covered there. it hasn't destroyed jobs. and as a consequence, we now have a system in which we have the opportunity to start bringing down costs, as opposed to just leaving millions of people out in the cold. >> your five seconds went away a long time ago. governor, tell the president directly why you think what he just said is wrong about obama care. >> well, i did with my first statement but i'll go on. >> you did. please elaborate. >> i'll elaborate. exactly right. first of all, i like the way we did it in massachusetts. i like the fact that in my state we had republicans and democrats come together and work together. what you did instead was to push through a plan without a single republican vote. as a matter of fact, when massachusetts did something quite extraordinary, elected a republican senator to stop obama care, you pushed it through anyway. the so entirel
because governor romney did a good thing. working with democrats in the state to set up what is essentially the identical model and as a consequence, people are covered there. it hasn't destroyed jobs. and as a consequence, we now have a system in which we have the opportunity to start bringing down costs, as opposed to just leaving millions of people out in the cold. >> your five seconds went away a long time ago. governor, tell the president directly why you think what he just said is...
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governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we should move forward suggested we have do it, in a balanced way with some revenue and some spending cuts. >> all right. when we put the president's proposal under the lens on this one, glenn, what do you find out? >> yeah, there's not much there. this is fantasy washington accounting, really. you know, he -- when i had looked at this before, essentially it's maybe one dollar of tax cuts for one dollar of spending cuts. but a lot of the spending cuts in there are, you know, are made up, so to speak. for instance, he gives himself $800 billion worth of credit for any awards in afghanistan and iraq, that money that wasn't going to be spent anyway. counts $1 trillion in spending cuts already banked, no matter who was president that would happen. it's really not at all like the simpson-bowles commission when you do apples to apples, the simpson-bowles commission over ten years would reduce the deficit by 50% more
governor romney earlier mentioned the bowles-simpson commission. well that's how the commission bipartisan commission, that talked about how we should move forward suggested we have do it, in a balanced way with some revenue and some spending cuts. >> all right. when we put the president's proposal under the lens on this one, glenn, what do you find out? >> yeah, there's not much there. this is fantasy washington accounting, really. you know, he -- when i had looked at this before,...
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lou: what is your counsel to governor romney on the issue of benghazi? >> his strong suit is not for repairs. -- foreign affairs. lou: logic. >> we are watching this, we have seen this side by side. chicago and from ashington. if you're talking about esoteric , 30 of 40 marine people their watching michele. lou: a very interesting point. lou: we hope it will be a show. mr. obama, i would question mr. romney's business credentials. lou: governor run the show and a bank statement? would that satisfy you? >> i think obama is going to be lucky that foreign policy is not partf the first debate. you have to wait until october october 16th. only domestic policy. the first debate, of what will be surface impressions. this is the last time mitt romney will have a chance to make a good first impression of the bunch of others who have only seen -- >> what should you try to convey in that first impression with millions of americans? >> presidential stature, the ability to the executive as governor of massachusetts and the business world. lou: to the obama have presi
lou: what is your counsel to governor romney on the issue of benghazi? >> his strong suit is not for repairs. -- foreign affairs. lou: logic. >> we are watching this, we have seen this side by side. chicago and from ashington. if you're talking about esoteric , 30 of 40 marine people their watching michele. lou: a very interesting point. lou: we hope it will be a show. mr. obama, i would question mr. romney's business credentials. lou: governor run the show and a bank statement?...
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governor romney has said he wants to repeal dodd-frank. i appreciate it. we have agreement that a market place to work has to have regulation. he said he had wanted to repeal dodd-frank. does anyone think the big problem we had is that there was too much oversight and regulation of wall street? if you do, governor romney is your candidate. that is not what i believe. >> that is not the facts. we have to have regulation on wall street. i would not designate five banks as too big to fail and give them a blank check. that is one of the unintended consequences of dodd-frank. we need to get rid of that provision. regional and small banks are getting hurt. you say we were giving mortgages to people who were not qualified. that is one of the reasons for the great financial calamity. dodd-frank says we need to have qualified mortgages or there are big penalties. they never defined what a qualified mortgage is. it has been two years. we do not know what a qualified mortgage is. banks are reluctant to give loans. it did not anticipate putting in place the kinds of r
governor romney has said he wants to repeal dodd-frank. i appreciate it. we have agreement that a market place to work has to have regulation. he said he had wanted to repeal dodd-frank. does anyone think the big problem we had is that there was too much oversight and regulation of wall street? if you do, governor romney is your candidate. that is not what i believe. >> that is not the facts. we have to have regulation on wall street. i would not designate five banks as too big to fail...
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governor romney. romney came in and showed him what anyone who wishes to debate must possess, aggressiveness, clear, clear minded focus on the facts, command of them. excuse me. let me -- forgive me, but neither of you are really equipped to be an arbiter of truth here. okay. really. i'm being quite serious. i'm looking at you. said more than once that you are a political strategist when the truth is irrelevant. >> how i'm going to give my span. lou: actually, i would love -- i would love just once or twice that they coincide. which, which -- what lie did president obama other? >> is not what president obama uttered. it's what mitt romney uttered. lou: actually, it isn't. both of them. one was true that one wasn't. >> one was like out to lunch or dinner. the other was there, but what he was saying was not true. lou: which was not true? which? >> well, that's the truth. schools are not number one in the country. president obama -- lou: what are they? >> i think there below ten. lou: your telling us you
governor romney. romney came in and showed him what anyone who wishes to debate must possess, aggressiveness, clear, clear minded focus on the facts, command of them. excuse me. let me -- forgive me, but neither of you are really equipped to be an arbiter of truth here. okay. really. i'm being quite serious. i'm looking at you. said more than once that you are a political strategist when the truth is irrelevant. >> how i'm going to give my span. lou: actually, i would love -- i would love...
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leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's where john roberts is right now, live in fisher'sville, virginia. what is the event going on there today, john. >> country music star trace atkins will be joining governor romney and his running nature at 6:45 on stage. president obama won this state by six in 2008. governor romney trailing in the polls currently hoping to use his debate performance to narrow the gap. it was the first time the two candidates were on stage face-to-face, a chance for governor romney to one-on-one answer allegations that the obama campaign has been firing his way. one of them over this idea that governor romney is trying to implement a $5 trillion tax cut for the rich. he repeatedly answered that question for president until it finally came down to this. >> look i've got five boys. i'm used to people saying something that is not always true, but just keep on repeating it and ultimately hoping i'll believe it. but that is not the case, all right. i will
leading with 47% of the vote, governor romney with 44. virginia has 13 electoral votes up for grabs. that's where john roberts is right now, live in fisher'sville, virginia. what is the event going on there today, john. >> country music star trace atkins will be joining governor romney and his running nature at 6:45 on stage. president obama won this state by six in 2008. governor romney trailing in the polls currently hoping to use his debate performance to narrow the gap. it was the...
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>>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewer new jobs in september than in august and fewer jobs in august than in july. we have lost over 600,000 manufacturing jobs since president obama took office. if not for all the people who have dropped out of the labor first, the real unemployment rate would be closer to 11 percent. we have john roberts following the campaign with governor romney but wendell is covering the president's campaign from cleveland. the numbers could help the president at a very crucial time. >>reporter: they could. the 114,000 jobs created last month was a modest increase but the drop in the unemployment rate came from a different survey, something called a household survey that indicates a lot more people found park time jobs or were working out of their home which is a huge increase in that number, some economists called it an anomaly. mitt romney said this is not what a real recovery lobs -- looks like. >> t
>>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewer new jobs in september than in august and fewer jobs in august than in july. we have lost over 600,000 manufacturing jobs since president obama took office. if not for all the people who have dropped out of the labor first, the real unemployment rate would be closer to 11 percent. we have john roberts following the campaign with...
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their minds abou governor romney? >> i think with these debates mostly, the people are already set in who they're going to vote for. there are people that are there, just trying to solidify the reason they picked their candidate. there are aalways those people on the fence. when you have people that are possibly going one way or the other, you take a debate like last night and you may turn the people that are on the fence. >> were people surprised that president obama didn't seem to attack mr. romney at all, at least during the first half of the dough bait? he just sort of listened and then gave his talking points. >> yes. a lot of people mentioned this were surprised the president didn't bring up governor romney's offshore accounts, the 47% remark. they were really surprised he didn't come back with a lot of those comments. >> so, how much harm do you think the president's performance has done as far as the polls go? and can he recover? >> i think he can recover. what he needs to do is sit back, take a look at what o
their minds abou governor romney? >> i think with these debates mostly, the people are already set in who they're going to vote for. there are people that are there, just trying to solidify the reason they picked their candidate. there are aalways those people on the fence. when you have people that are possibly going one way or the other, you take a debate like last night and you may turn the people that are on the fence. >> were people surprised that president obama didn't seem to...
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but governor romney is planning a new speech. the following two presidential debates will include that. megyn: meantime president barack obama is in henderson, nevada. some say the city of henderson is a microcosm of the economy we have seen over the past few years. yet the latest polls show the race in nevada is neck and neck and that is causing -- ed henry live in vegas. hey, ed. >> the president -- they are calling it debate camp in henderson. 20 miles from where i am right now it's an opulent resort known as lake las vegas that is symbol i of the boom and bust. that whole lake las vegas resort where the president is doing his debate prep. it's modeled after an italian village. it went bankrupt the last few years. it's now sort of coming back and the president is hoping that is a microcosm that he's pushing this recovery along slowly, not just mere in nevada but all along the country. it's interesting to hear john roberts about chris christie raising expectations for mitt romney. the president at a rally in vegas last night tr
but governor romney is planning a new speech. the following two presidential debates will include that. megyn: meantime president barack obama is in henderson, nevada. some say the city of henderson is a microcosm of the economy we have seen over the past few years. yet the latest polls show the race in nevada is neck and neck and that is causing -- ed henry live in vegas. hey, ed. >> the president -- they are calling it debate camp in henderson. 20 miles from where i am right now it's an...
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virginia, governor romney leads 49-48%. in florida, governor romney leads by 2 percentage points. 49-47. all three are in the markin of error, but they do show gains by governor romney. it appear hes got a bounce? >> he got somewhat of a bounce. this is like a great wave, greta it's vitally important, i think we are not going to see how far the wave rolls up the beach until the polls are taken postdeigate -- post-debate, especially in ohio, if he's tied then or ahead in ohio, after that, and virginia and florida, it is a brand-new ballgame. in ohio, i think that's the critical state and the toughest one for the governor. >> greta: what is interesting about this year, compared to 8 years ago or farther back, the early voting's already started. even if he did well now, he has a chance of getting good numbers off tonight. of course, if he gets clobbered in the next debate, he may not feel the pain, if people change their minds. >> that's what is really crucial. early voting was taking place when barack obama was ahead in most
virginia, governor romney leads 49-48%. in florida, governor romney leads by 2 percentage points. 49-47. all three are in the markin of error, but they do show gains by governor romney. it appear hes got a bounce? >> he got somewhat of a bounce. this is like a great wave, greta it's vitally important, i think we are not going to see how far the wave rolls up the beach until the polls are taken postdeigate -- post-debate, especially in ohio, if he's tied then or ahead in ohio, after that,...
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yet a may gallup polls show vets favor governor romney. in fact, during wednesday's debate governor romney reiterated his commitment to strengthen the nation's military. >> we have a responsibility to protect the lives and liberties of our people, and that means a military second to none. i do not believe in cutting our military. i believe in maintaining the strength of america's military. >> so let's bring in beau biden, attorney general for the state of delaware. he is also a major in the delaware national guard having served a 12-pomonth deployment iraq. he's also the vice president's son. mitt romney has hammered president obama for the automatic military cuts that could take place as a result of congress failing to reach a debt deal. even the defense secretary said the cuts could be staef dating. does that hurt the president in the vet community? >> number one, congress must act and avoid sequestration op any of these defense cuts. number two, you know, governor romney seems to confuse the defense budget from the veterans budget. what
yet a may gallup polls show vets favor governor romney. in fact, during wednesday's debate governor romney reiterated his commitment to strengthen the nation's military. >> we have a responsibility to protect the lives and liberties of our people, and that means a military second to none. i do not believe in cutting our military. i believe in maintaining the strength of america's military. >> so let's bring in beau biden, attorney general for the state of delaware. he is also a...
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governor romney said he wouldn't. governor romney said it was tragic that we entered the iraq war. one of the reasons that al qaeda strengthened during the last decade was our focus in iraq. so we are happy to have this debate and we'll have it obviously -- >> was this an intelligence failure? >> no. this was an event obviously, a complex event. we're only talking about a matter of weeks here. so as information was arrived at, as determinations were made, that was shared with the american people. and i think again the focus needs to be how do we make sure that our facilities and ambassadors and our personnel are secure going forward. and that's what the focus is on. >> as you know, the chairman of the homeland security committee has called for susan rice to resign. >> she's done an excellent job for this country and this administration. >> ben ghazi is so bad that the fbi can't even go in and investigate. what about the fact that there are military operations to find ambassador stephens' killers? what is america doing to change the trajectory in libya? >> well, i'm not going to spe
governor romney said he wouldn't. governor romney said it was tragic that we entered the iraq war. one of the reasons that al qaeda strengthened during the last decade was our focus in iraq. so we are happy to have this debate and we'll have it obviously -- >> was this an intelligence failure? >> no. this was an event obviously, a complex event. we're only talking about a matter of weeks here. so as information was arrived at, as determinations were made, that was shared with the...
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in new york. >> jim, on the campaign trail, governor romney today more energized? >> absolutely, anderson. we were with him on his campaign plane during the day and as he got on the plane, he was smiling, he was laughing with his campaign staff. there was a spring in his step. there was an air of confidence in this campaign that i haven't seen in several weeks and in talking to senior romney advisor eric fehrnstrom, he said to me if this was a prize fight, they would have stopped the fight. that's how well they think mitt romney did. they're not going to be taking their foot off the gas pedal, i can tell you that the romney campaign came to the back of the plane just as it was landing here in virginia earlier this afternoon. they were starting to sense that the story, the narrative was starting to change from sort of a post-debate high for mitt romney to this new counter-offensive from the president going after some of the statements that mitt romney made during this debate. they came back to the back of the plane as the plane was landing and i asked ed gillespie,
in new york. >> jim, on the campaign trail, governor romney today more energized? >> absolutely, anderson. we were with him on his campaign plane during the day and as he got on the plane, he was smiling, he was laughing with his campaign staff. there was a spring in his step. there was an air of confidence in this campaign that i haven't seen in several weeks and in talking to senior romney advisor eric fehrnstrom, he said to me if this was a prize fight, they would have stopped...
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this is a quote from governor romney. if not for all the people who have simply dropped out of the labor force the real unemployment rate would be closer to 11%. the results of president obama's failed policies are staggering according to this report from mitt romney this morning. 23 million americans struggling for work. nearly one in six living in poverty and 47 million people dependent on food stamps to feed themselves and their families. as soon as we get response we're waiting for, should be out in couple minutes from the white house to the jobs number this morning. we'll get you that. bill: meantime, another fox news alert confirming fbi team of investigators has visited the scene of the attack in benghazi, libya, if only for a few hours. this is three weeks after four americans, including the ambassador, chris stevens, two navy seals and a state department staffer were murdered on september 11th. we're told that safety concerns were the reason for the fbi's delay and need for proper military protection of that team
this is a quote from governor romney. if not for all the people who have simply dropped out of the labor force the real unemployment rate would be closer to 11%. the results of president obama's failed policies are staggering according to this report from mitt romney this morning. 23 million americans struggling for work. nearly one in six living in poverty and 47 million people dependent on food stamps to feed themselves and their families. as soon as we get response we're waiting for, should...
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the republican party is not heavily excited about governor romney. the only way he'll have a chance at this, particularly when you look at swing state polls, is if he's able to peel off the moderates. that's going to be a very difficult act for him to pull off. >> one of the things people are asking for is specifics. paul ryan on bloomberg tv today, this morning, in fact, still doesn't add much clarity to the tax plan. watch this. >> obviously the numbers add up. we've shown that. let's work together to establish that framework. and it's not as much as what's in the tax code as who gets it. >> i mean, what does that mean? >> listen, i think that's -- it's -- you brought that question exactly as -- and his answer has been part of the problem with the entire campaign. i think they're still trying to come up with this idea of how exactly do we distinguish, how exactly do we come up with some different type of policy that makes you better off. and i think they have not been able to come up with a answer that seems at all cogent to the larger american pop
the republican party is not heavily excited about governor romney. the only way he'll have a chance at this, particularly when you look at swing state polls, is if he's able to peel off the moderates. that's going to be a very difficult act for him to pull off. >> one of the things people are asking for is specifics. paul ryan on bloomberg tv today, this morning, in fact, still doesn't add much clarity to the tax plan. watch this. >> obviously the numbers add up. we've shown that....
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Oct 4, 2012
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obama: governor romney has ruled out revenue. romney: look, the revenue i get is by more people working, getting higher pay, pay more taxes. that's how we get growth and balance the budget. the idea of taxing people more, putting more people out of work, he'll never get there. he never balance the budget by raising taxes. spain spends 42% of their total economy and government. we are now spending 42% of our economy and government. i don't want to go down the path of spain. i want to go down the path of growth that puts americans to work with more money coming and because they are working. >> moderator: mr. president, you say in order to get the job done it's got to be balanced. obama: if we are serious camargo to take a balanced responsible approach. this is not just when it comes to individual taxes. let's talk about corporate taxes. now, i identified areas where we can right away make a change that i believe would actually help the economy. the oil industry is $4 billion a year in corporate welfare. basically they get deduction
obama: governor romney has ruled out revenue. romney: look, the revenue i get is by more people working, getting higher pay, pay more taxes. that's how we get growth and balance the budget. the idea of taxing people more, putting more people out of work, he'll never get there. he never balance the budget by raising taxes. spain spends 42% of their total economy and government. we are now spending 42% of our economy and government. i don't want to go down the path of spain. i want to go down the...